Andries Veldstra and Elkhadir El Hammdaoui join as Senior Underwriters, enhancing GCube’s offshore wind expertise and service to European clients
Amsterdam, September 24th – GCube Underwriting Ltd. (GCube), the leading specialist provider of renewable energy insurance services, has bolstered its European presence with the expansion into new offices in the Netherlands and the appointment of two senior hires.
GCube’s new base in Amsterdam will provide a hub from which to service its European clients following the UK’s upcoming exit from the European Union. It will also create opportunities for further expansion, both within Europe and globally, as the business continues to enhance its offering for renewable energy developers and asset owners in on- and offshore wind, solar, hydro and energy storage.
To lead the new Dutch team, GCube has appointed Andries Veldstra and Elkhadir El Hammdaoui, who both join the business as Senior Underwriters. Having each served over 15 years in the insurance industry, Veldstra and El Hammdaoui join GCube from Nationale Nederlanden (NN), where they most recently specialised in underwriting European offshore wind projects.
Both bring a wealth of renewable energy and engineering and risk management experience to GCube, encompassing both project construction and long-term operation of large-scale offshore wind assets. They will support the London-based underwriting team, while establishing GCube’s presence in the Netherlands and expanding the reach of the business in Europe.
“As GCube continues to expand its international reach, we’re aiming to supplement our European presence as GCube continues to deliver the highest standards of underwriting and claims support to our clients across the continent,” said Fraser McLachlan, CEO, GCube Underwriting Ltd. “We have been able to take advantage of a fantastic opportunity to bring on board two highly-respected offshore wind underwriters. Andries’ and Elkhadir’s respective track records are impressive, and their expertise will be an invaluable asset to GCube as we strive to continually enhance the service we provide to our renewable energy clients.”
Commenting on his appointment, Veldstra said: “We’re looking forward to working as part of a team who have specialised exclusively in renewable energy underwriting for over a decade. As the risk profile of offshore wind in particular continues to evolve, a sustainable underwriting approach and a long-term outlook on risk management are essential, and GCube has built a strong reputation across the entire renewable energy space.”
GCube works closely with the industry to understand and manage the changing risks of renewable energy development and operation. Today, the business is holding its Offshore Wind Risk Seminar in London, bringing together leading players from the offshore wind and insurance sectors for an open discussion of the challenges facing the market.